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African Refiners and Distributors Association’s (ARDA’s) Roadmap for Africa’s Downstream Sector

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ARDA

ARDA Executive Secretary Anibor Kragha delves into the Association’s efforts to harmonize fuel specifications across Africa and support oil and gas projects throughout the continent

DAKAR, Senegal, August 13, 2024/APO Group/ — 

In an exclusive interview with Energy Capital & Power (www.EnergyCapitalPower.com), Anibor Kragha, Executive Secretary of the African Refiners and Distributors Association (ARDA), discusses the Association’s efforts to harmonize fuel standards, implement a three-decade energy transition strategy and invest in infrastructure. Kragha will participate in this year’ edition of MSGBC Oil, Gas & Power – scheduled for December 3-4 in Dakar – where he will highlight the role downstream expansion plays in inclusive energy access for all.

What opportunities do you see in the MSGBC region for the energy sector and how can events like MSGBC Oil & Gas and Power 2024 help foster growth?

Africa’s energy demand is rising and MSGBC’s is growing alongside it. To meet this demand sustainably with minimal carbon footprint, we need a strategic approach. First, regulators in MSGBC must create favorable frameworks for investment. Second, projects need thorough preparation to ensure they are bankable, with clear scopes, costs and schedules. Third, projects must prioritize low carbon footprints and incorporate ESG considerations. Fourth, we need skilled professionals to execute these projects. With these foundations in place, financing becomes more accessible. The MSGBC platform can play a crucial role in establishing these pillars to attract investment and achieve a sustainable energy future for the region.

What are your views on developing refineries in the MSGBC region, specifically regarding Société africaine de raffinage (SAR) in Senegal and its role in the country’s first oil production?

We are working with the African Union and the African Petroleum Producers Organization to promote a robust intra-African oil and gas industry. Our goal is to balance energy security and the energy transition while maximizing oil production and value addition on the continent to reduce imports and enhance long-term energy security. In the MSGBC region, with a population of over 30 million, Senegal plays a key role with just over 18 million (people). The SAR refinery, recently upgraded from 27,000 to 30,000 barrels per day, plans further expansion, with SAR 2.0 to boost energy security and reduce reliance on imported crude. Mauritania, with its significant gas potential, adds another dimension to MSGBC’s downstream potential especially with regards to an integrated, value-added petrochemicals sector for the region.

How does ARDA plan to implement investment projects and promote best practices in the downstream sector, especially in the MSGBC region?

ARDA enhances Africa’s downstream sector through key initiatives such as ARDA Week and seven specialized workgroups, focusing on refining upgrades, associated storage & distribution (S&D) infrastructure development, ESG, adoption of LPG for Clean Cooking, effective regulatory frameworks, strategic human resource management and cost-effective sustainable project financing. ARDA collaborates with regulators to create supportive investment frameworks and host investment forums to connect African project developers with financiers. Our partnership with McKinsey & Company aims to create a register of bankable, sustainable African energy infrastructure projects. Our Association is focused on launching two funds: a $1 billion fund dedicated to investing in large-scale LPG projects and another for upgrading refineries to produce clear fuels via reduced carbon footprints and supporting petrochemical projects. Our goal is to match projects like SAR 2.0 with financiers to secure essential funding to deliver the project within the envisioned timeline.

How crucial are large projects like the Dangote Refinery in overcoming Africa’s resource curse?

The Dangote Refinery, with a 650,000-barrel-per-day capacity, is the world’s largest single-train refinery. Once operating at full capacity, it will produce AFRI 6 (10-ppm sulphur) fuels, significantly boosting Africa’s energy security. With energy demand in Africa projected to grow 45-55% by 2040, the refinery will be a game-changer, reducing the need for imported crude and enhancing energy independence. ARDA aims to support investments that refine more African crude locally, balancing energy security with a lower carbon footprint. ARDA is excited about the Dangote Refinery and other key projects, such as upgrades at SIR (Société ivoirienne de raffinage) in Ivory Coast and new refineries in Ghana and Uganda.

How is ARDA balancing the harmonization of cleaner fuels with the advancement of renewable energies?

ARDA’s “tale of three decades” strategy guides our Association’s plans to deliver a unique, sustanaible energy transition roadmap for the African Downstream sector. With Africa’s only contributing less than 3% of global cumulative carbon emissions to date, compared to 33% for the EU’s and 29% for North America, our continent needs a tailored approach that balances energy security and energy transition. Our strategy focuses on three pillars: cleaner transport and cooking fuels( including low-sulfur fuels and LPG) and  S&D infrastructure and petrochemical projects first; support for biofuels, Sustainable Aviation Fuel (SAF) and mature, cost-effective renewable energy solutions second; and finally cleaner primary energy sources for power e.g. replacing coal and oil with natural gas. ARDA’s vision of the “Tale of Three Decades is as follows: Decade One (no to 2030), focus should be on upgrading refineries to produce cleaner fuels and reduce carbon footprint, LPG for Clean Cooking and regional S&D infrastructure while adopting cost-effective renewables like solar technology. Decade Two (2030 to 2040) will integrate biofuels, wind and other emerging renewables technologies. Decade Three(2040 to 2050), will incorporate more advanced solutions like CCUS, hydrogen, etc, as they become more mature.

How is ARDA working to standardize fuel specifications in Africa?

ARDA has led efforts to harmonize fuel specifications across Africa, notably through supporting the 2020 ECOWAS (Economic Community of West African States) directive adopting AFRI-5 specs of 50 parts per million (ppm) sulfur for fuel. Africa currently has 11 diesel grades (10 to 10,000 ppm sulfur) and 12 gasoline grades (10 to 2,500 ppm). ARDA has partnered with UNEP (UN Environment Program) and participated in the 2022 UNEP Africa Meetings with energy ministers in Nairobi to promote cleaner fuel and vehicle emissions standards across the continent. ARDA has also collaborated with the African Union Commission to deliver reports highlighting the health and socio-economic benefits of adopting cleaner, low-sulphur fuels as well as the costs of upgrading African refineries to produce AFRI-6 (10-ppm sulphur) fuels. Finally, as part of the OPEC-Africa Energy Dialogue, ARDA continues to work with OPEC, the African Union Commission and the African Petroleum Producers Organization (APPO) on the development of a robust, intra-African oil and gas industry that is focused on eliminating energy poverty while balancing both energy security and energy transition.

Explore opportunities, foster partnerships and stay at the forefront of the MSGBC region’s oil, gas and power sector. Visit www.msgbcoilgasandpower.com to secure your participation at the MSGBC Oil, Gas & Power conference. To sponsor or participate as a delegate, please contact sales@energycapitalpower.com.

Distributed by APO Group on behalf of Energy Capital & Power.

Energy

U.S.-Africa Energy & Minerals Forum Expands to Critical Minerals and Supply Chain Security

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Africa

This year’s U.S.-Africa Energy & Minerals Forum in Houston signals a strategic shift toward integrated energy and critical minerals investment, strengthening U.S. partnerships across Africa’s resource and industrial value chains

HOUSTON, United States of America, February 26, 2026/APO Group/ –The U.S.-Africa Energy & Minerals Forum (USAEMF) has relaunched with a dedicated focus on critical minerals, marking an important evolution in its role as a platform for U.S.-Africa commercial engagement. Building on its foundation in energy, power and industrial projects, the forum’s expanded scope positions it at the center of investment conversations shaping the future energy economy.

 

Scheduled for July 21–22, 2026, in Houston, Texas, USAEMF comes at a time of surging global demand for copper, cobalt, lithium, manganese and rare earth elements, driven by electrification, battery storage, AI infrastructure and advanced manufacturing. Africa is increasingly critical to securing these materials, highlighting how energy and minerals are now interconnected pillars of industrial growth, geopolitical stability and decarbonization.

The forum’s minerals mandate deepens engagement with African producers – particularly the Democratic Republic of Congo (DRC), home to some of the world’s largest copper and cobalt reserves. Momentum is building through the U.S.–DRC strategic minerals framework and the U.S.-backed Orion Critical Mineral Consortium, a major investment platform supported by the DFC and private partners. The consortium is pursuing a 40% stake in the Mutanda and Kamoto copper-cobalt operations in a $9 billion transaction, securing long-term supply for allied markets while reinforcing cooperation on infrastructure, security and supply-chain governance.

Placing critical minerals at the center while maintaining strong hydrocarbons engagement strengthens U.S.-Africa commercial ties

U.S. financing is also expanding across the region, with the DFC managing a continental portfolio exceeding $13 billion to support mining, processing and transport infrastructure for critical mineral supply chains. Recent commitments include rare earth, graphite and potash projects in Malawi, Mozambique and Gabon; broader investments in Uganda, Tanzania, Zambia and South Africa; and $553 million linked to the development of the Lobito Corridor. The DFC is also a major backer of TechMet, a U.S.-supported investment firm valued at over $1 billion, which is raising up to $200 million to expand copper, cobalt, lithium and rare earth assets and pursue new opportunities across the DRC and Zambia. Together, these initiatives underscore Washington’s push to diversify battery-mineral supply while positioning Africa as a long-term partner in clean energy and industrial value chains.

Houston’s role as host city reflects the alignment between American industrial capacity and African resource development. Long established as a global energy hub, the city is expanding into energy transition technologies, advanced materials, carbon management and industrial innovation. By convening African governments with U.S. private equity, development finance institutions, exporters, insurers and technical service providers, the forum creates a commercial platform capable of converting mineral potential into bankable projects.

“The evolution from USAEF to USAEMF reflects a broader shift toward integrated energy and mineral development,” states Nadine Levin, Portfolio Director at Energy Capital & Power, forum organizers. “Placing critical minerals at the center while maintaining strong hydrocarbons engagement strengthens U.S.-Africa commercial ties and advances projects that deliver long-term shared value.”

While critical minerals define the forum’s strategic expansion, the U.S.’ longstanding role in Africa’s energy sector remains central to the platform’s value proposition. American energy companies continue to advance exploration and development across key upstream markets, support gas monetization in the Gulf of Guinea and revitalize mature production in North Africa. U.S. export credit and development finance are also helping unlock large-scale LNG capacity in Mozambique while supporting optimization and expansion across existing gas infrastructure in West Africa – demonstrating how American capital, engineering expertise and risk-mitigation tools convert resource potential into delivered energy systems.

USAEMF is the leading platform connecting U.S. capital and technical expertise with Africa’s energy and minerals sectors. For more information or to participate at the upcoming forum, please contact sales@energycapitalpower.com

Distributed by APO Group on behalf of Energy Capital & Power.

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Pesalink and Pan-African Payment and Settlement System (PAPSS) Unlock Cross-Border Payments in Local Currencies in Kenya

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Pesalink

The Pesalink–PAPSS partnership will reduce costs, speed up settlements, and help individuals, SMEs and businesses send money more efficiently across borders

NAIROBI, Kenya, February 26, 2026/APO Group/ —

  • Instant 24/7 bank-to-bank transfers across African borders in local currencies.
  • Simpler cross-border payments for individuals, businesses, and SMEs.
  • 80 plus Pesalink network participants now linked to 160 plus PAPSS participating banks.

 

Pesalink, Kenya’s de facto instant payment network, has partnered with the Pan-African Payment and Settlement System (PAPSS) to ease cross-border payment and speed up regional financial integration.

 

The partnership enables instant 24/7 cross-border payments from PAPSS participants into banks and mobile money operators within the Pesalink network in Kenya, all settled in local currencies. This reduces complex correspondent banking requirements and reliance on foreign reserve currencies.

 

Kenyan banks will now be able to offer faster, cheaper cross-border payments

PAPSS, an initiative of the African Export-Import Bank (Afreximbank) in collaboration with the African Union and the AfCFTA Secretariat, enables cross-border payments between African countries. Pesalink is now a Technical Connectivity Provider. It means that 80 plus Kenyan bank, fintech, SACCO and telco participants on the Pesalink network will be connected to 160 plus commercial banks and fintechs on the PAPSS platform.

 

Cross-border payments remain expensive and slow for many African businesses. The 2023 (http://apo-opa.co/4baDSh7) World Bank Remittance Prices report indicates that sending money across African borders incurs on average 7-8% of the total value sent (above the global average of 6–7%). Settlement can also take three to seven business days.

 

The Pesalink–PAPSS partnership will reduce costs, speed up settlements, and help individuals, SMEs and businesses send money more efficiently across borders.

 

Speaking during the partnership signing held at Pesalink offices in Nairobi, PAPSS CEO Mike Ogbalu III said, “For PAPSS to deliver true impact, collaboration with national and private switches like Pesalink is essential. Pesalink is the first switch we’ve piloted for transaction termination in Kenya, and we are already seeing greater adoption by opening more channels for seamless, local-currency cross-border payments across Africa.”

 

Pesalink CEO, Gituku Kirika, said “Kenyan banks will now be able to offer faster, cheaper cross-border payments. They will be helping their customers grow more regional trading relationships and thrive in a more integrated digital economy.”

Distributed by APO Group on behalf of Afreximbank.

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Africa Trade Conference Returns to Cape Town with Esteemed Speakers Driving Africa’s Trade Agenda

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Africa

Second edition convenes global policymakers, business leaders, and innovators to accelerate Africa’s integration into global trade

CAPE TOWN, South Africa, February 26, 2026/APO Group/ –Access Bank Plc (www.AccessBankPLC.com) is proud to announce the distinguished line-up of speakers for the second edition of the Africa Trade Conference (ATC 2026), scheduled to take place on March 11, 2026, at the Cape Town International Convention Centre, Cape Town, South Africa. Building on the strong foundation of its inaugural edition, ATC 2026 will convene an exceptional assembly of global and African leaders, policymakers, investors, and business executives committed to shaping the future of trade on the continent.

The Africa Trade Conference has rapidly emerged as a premier platform for advancing dialogue and action around Africa’s evolving role in global commerce. The 2026 edition will feature influential voices from across finance, government, development institutions, and the private sector, who will share insights on unlocking trade opportunities, strengthening intra-African commerce, enabling business expansion, and positioning African enterprises for global competitiveness.

The confirmed speakers represent a powerful cross-section of leaders driving Africa’s economic transformation.

Building on the momentum of its maiden edition, which convened senior decision-makers from 28 countries, the 2026 conference with the theme “Turning Vision into Velocity: Building Africa’s Trade Ecosystem for Real-World Impact”, will have the keynote address delivered by Kennedy Mbekeani, Director General, Southern Africa Region, African Development Bank (AfDB), alongside Kwabena Ayirebi, Managing Director, Banking Operations at the African Export-Import Bank. Their joint keynote will address the evolving financing landscape for African trade and the strategic pathways for unlocking continental prosperity.

The welcome address will be delivered by Roosevelt Ogbonna, CEO/GMD, Access Bank Plc, who will set the tone for discussions centered on trade transformation, financial inclusion, and regional competitiveness, while Tolu Oyekan, Managing Director & Partner at Boston Consulting Group, will deliver insights on “Africa Trade Outlook 2026”, examining emerging macroeconomic trends, supply chain shifts, and growth opportunities across key sectors.  The CEO of Pan-African Payment and Settlement System, Mike Ogbalu, will be engaging the conference participants on the topic, “Building a Connected Africa Through Trade, Payments & Technology”, focusing on how payment interoperability and digital infrastructure can accelerate the African Continental Free Trade Area (AfCFTA) agenda.

The calibre of speakers confirmed for this year’s conference underscores the urgency and opportunity before us

The conference will also host a High-Level Ministerial Panel that features Elizabeth Ofosu-Adjare, the Minister for Trade, Agribusiness & Industry, Ghana; Tiroeaone Ntsima, Minister of Trade and Entrepreneurship, Botswana; Mr. Florian Witt, Divisional Head, International & Corporate Banking Oddo-BHF, Ms. Nathalie Louat – Global Director, International Finance Corporation (IFC), Dr Isaiah Rathumba – Head of Department, Limpopo Economic Development, Environment and Tourism and Mr. Alfred Idialu – Chief Rep Officer, Deutsche Bank among other policymakers shaping trade policy across the continent.

Commenting on the announcement, Roosevelt Ogbonna, Managing Director/Chief Executive Officer of Access Bank Plc, said:
“The Africa Trade Conference reflects our unwavering commitment to advancing Africa’s economic transformation by creating a platform that brings together the leaders, institutions, and ideas shaping the future of trade. The calibre of speakers confirmed for this year’s conference underscores the urgency and opportunity before us. Africa is not only participating in global trade, it is helping to redefine it. Through this convening, we aim to catalyse partnerships, unlock new opportunities for businesses, and accelerate Africa’s integration into global value chains.”

“At Access Bank, we see ourselves not just as financiers, but as connectors of markets, ideas, and opportunities. Our role is to help African businesses move from ambition to impact, from local relevance to global competitiveness.”

With operations in 24 countries globally, including 16 across Africa, Access Bank’s expansive footprint places it in a unique position to facilitate cross-border trade, unlock regional value chains, and simplify the complexities of doing business across markets.

“Our presence across Africa and key global corridors gives us a front-row seat to the realities of trade. It also gives us the responsibility to design solutions that are inclusive, scalable, and future facing. ATC 2026 is part of that commitment, Ogbonna added.

ATC 2026 is expected to catalyze partnerships, enable policy dialogue, and provide actionable strategies for businesses operating within and beyond the continent.

The Access Bank Chief puts it thus, “Africa will not be a spectator in the remaking of global trade. We will be one of its architects. ATC 2026 is where those blueprints will be drawn.”

For more information and registration, please visit https://apo-opa.co/4sdXWF7

Distributed by APO Group on behalf of Access Bank PLC.

 

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